ASK Wealth Advisors tries to estimate jobs using a completely new methodology -- the Sit-Stand-Go model, which relies on proxies (and some surveys) to come up with the number of about 5 million non-farm jobs being created annually in India.

EPFO's new payroll data suggests that as many as 4,474,859 jobs were created during September 2017 to May 2018. However, the EPFO lowered earlier estimate of new members enrolment by 9.57 per cent for September 2017-April 2018.